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Business Owner Divorce-Dallas

Dallas, TX, Business Owner in a Divorce

Navigating Complex Divorces with Our Dallas Family Law Experts

The intricacies of divorce can escalate, especially when substantial property and business ownership are involved. Navigating through such complexities requires expert guidance, especially for couples co-owning a business. Before initiating a divorce, it’s crucial to understand the challenges and considerations ahead. Our adept family law attorneys in Dallas, TX, are here to guide you through these potential hurdles.

Call us today at (713) 581-3839 to get your case started.

Understanding Community and Separate Property in Texas

As a community property state, Texas mandates that all property and debts acquired during a marriage must be equitably divided upon divorce. This includes businesses or professional practices developed during the marriage, which are subject to valuation and division.

Separate property, conversely, comprises assets brought into the marriage by an individual. This includes businesses established pre-marriage or with non-marital funds. Nonetheless, these businesses may still have elements of community property, such as:

However, it will have community property components that will need to be valued and accounted for, such as the following:

  • Joint investments or expansions in the business
  • Value appreciation due to shared financial contributions
  • Contributions of each spouse towards the business

Valuing a Business in Divorce Proceedings

Proper valuation is essential when dividing a business in divorce, ensuring the business owner can maintain operations post-divorce while providing fair financial compensation to the non-owner spouse. This process often involves professional business appraisers to evaluate goodwill and other intangible assets.

Special Considerations for Business Owners in Texas Divorce

Divorce can become more complex when dealing with property division. Our experienced family law team at the Law Office of Bryan Fagan, PLLC, is committed to guiding you through this challenging process. Our Dallas, TX, family law advocates are relentless in defending your interests, whether in mediation or litigation. We’re dedicated to delivering top-tier legal service, prioritizing your goals and well-being.

Call us at (713) 581-3839 or fill out our online form to schedule a free case consultation today.

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Contact Law Office of Bryan Fagan, PLLC Today!

At the Law Office of Bryan Fagan, PLLC, the firm wants to get to know your case before they commit to work with you. They offer all potential clients a no-obligation, free consultation where you can discuss your case under the client-attorney privilege. This means that everything you say will be kept private and the firm will respectfully advise you at no charge. You can learn more about Texas divorce law and get a good idea of how you want to proceed with your case.

Office Hours

Mon-Fri: 8 AM – 6 PM Saturday: By Appointment Only

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